EANS-News: Lenzing AG Lenzing invests EUR 100 mn in pulp production
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Company Information/Investment
Lenzing invests EUR 100 mn in pulp production
Lenzing/Vienna, 11.10.2016 - The Lenzing Group will expand and modernize its
existing dissolving wood pulp production at the sites in Lenzing/Austria and
Paskov/Czech Republic. At a press meeting in Vienna today, Lenzing CEO Stefan
Doboczky announced a total investment program of EUR 100 mn, approximately EUR
60 mn of it in Lenzing and almost EUR 40 mn in Paskov. Additional new capacities
of around 35,000 tons will be added over the next 2.5 years.
"With these investments, we are taking another step in the implementation of our
new corporate strategy sCore TEN," said Stefan Doboczky. "We aim to increase our
own dissolving wood pulp production from currently 56% to 75% of the group's
requirements for the production of botanic cellulose fibers by the end of the
decade. The modernization will lead to more efficiency of our plants. The
upgrade and expansion of our bio-refinery setup will underline Lenzing's
leadership as the most sustainable fiber producer."
Lenzing's bio-refinery concept is based on using only certified wood from
countries in Western and Central Europe. It is an essential part of Lenzing's
mission to turn CO2 and sunlight into high value fibers, as it ensures that 100%
of the wood components are used to produce fibers, bio-chemicals and bio-energy.
This investment is also an essential part of Lenzing's quality strategy, as the
high quality of our botanic fibers depends on the quality of the dissolving wood
pulp.
In August 2016, Lenzing announced a capacity expansion for specialty fibers of
35,000 tons by mid-2018. Roughly EUR 70 mn will be invested in the site in
Heiligenkreuz/Burgenland and approximately EUR 30 mn in Lenzing/Upper Austria as
part of this project. The new pulp investment program will be implemented in
addition to these investments.
These investments are yet another long-term commitment of the Lenzing Group to
the Austrian production sites. In the next 2.5 years, Lenzing will therefore
invest a total of EUR 160 mn in Austria. Lenzing is thus once again one of the
leading industrial investors in Austria.
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For more information, please contact:
Waltraud Kaserer Stephanie Kniep
Vice President Corporate Communications Head of Investor Relations
& Investor Relations Phone:+43(0)7672 701-4032
Phone: +43 (0) 7672 701-2713 E-Mail: s.kniep@lenzing.com
E-mail: w.kaserer@lenzing.com
Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mail to:w.kaserer@lenzing.com
end of announcement euro adhoc
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company: Lenzing AG
A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: official market: Wien
language: English